Brazil Central Bank Raises Selic Rate to 11.25%

TODAY: Oct. 31, 2014 PUB DATE: Oct. 30, 2014

BRASÍLIA--Citing a less favorable outlook for inflation, Brazil's central bank on Wednesday unexpectedly raised its benchmark interest rate amid slow economic growth and concern about the country's weakening currency. The bank increased the Selic short-term lending rate to 11.25% from ...

Dollar Rises on Upbeat Fed

TODAY: Oct. 31, 2014 PUB DATE: Oct. 30, 2014

The U.S. dollar rose in early European trade Thursday, after the Federal Reserve met expectations by calling an end to quantitative easing, but caught the market off guard as it adopted a more optimistic tone on the economy, leading some ...

France's Sapin Says Not Ready to Deliver Mistral Warship to Russia

TODAY: Oct. 31, 2014 PUB DATE: Oct. 30, 2014

By Inti Landauro PARIS--French Finance Minister Michel Sapin said Thursday that "as of today" conditions hadn't been met for France to deliver the first Mistral warship bought by Russia. "Clearly, and this is France's position since the beginning, conditions today ...

Eurozone Confidence Revives, Points to Growth -- 3rd Update

TODAY: Oct. 31, 2014 PUB DATE: Oct. 30, 2014

By Paul Hannon Businesses and consumers across the 18 countries that share the euro became slightly more upbeat about their prospects during October, a fresh sign that the currency area's economy isn't in imminent danger of a slide back into ...

MARKET SNAPSHOT: U.S. Stocks: Futures Recover Losses After GDP, Claims

TODAY: Oct. 31, 2014 PUB DATE: Oct. 30, 2014

By Barbara Kollmeyer, MarketWatch NEW YORK MarketWatch) -- U.S. stock futures trimmed early losses on Thursday, as investors digested robust economic reports a day after the Federal Reserve officially announced the conclusion of its bond-purchasing initiative. Confirming the Fed's optimistic ...

U.S. Jobless Claims Up By 3,000 Last Week, Remain Near Historical Lows

TODAY: Oct. 31, 2014 PUB DATE: Oct. 30, 2014

By Eric Morath and Nick Timiraos WASHINGTON--The number of new claims for jobless benefits rose last week but remained at historically low levels, supporting other signals of an improving labor market. Initial claims for unemployment benefits, a proxy for layoffs, ...

South Africa Unemployment Rate Dips in 3Q, But Remains Elevated

TODAY: Oct. 31, 2014 PUB DATE: Oct. 30, 2014

By Patrick McGroarty PRETORIA--South Africa's unemployment rate dipped in the third quarter, but remained at over a quarter of the workforce, as chronically low growth undid efforts to create jobs in the continent's most developed economy. South Africa's statistics agency ...

Correction to China Resources Power Article

TODAY: Oct. 31, 2014 PUB DATE: Oct. 30, 2014

The results are for China Resources Power Investment Co., a unit of China Resources Power Holdings. "China Resources Power: Jan-Sep Net Profit CNY5.31 Bln, Down 2.6%," at 1007 GMT misstated the company's name in the headline, first and second paragraphs. ...

ECB to Start ABS Buys in November

TODAY: Oct. 31, 2014 PUB DATE: Oct. 30, 2014

FRANKFURT--The European Central Bank said Thursday that it has appointed four asset managers to conduct its purchase program of asset backed securities, adding that the purchases under the program should begin in November. The ECB hopes that purchases of ABS ...

MARKET SNAPSHOT: U.S. Stocks: Dow Lifted By Visa Gains

TODAY: Oct. 31, 2014 PUB DATE: Oct. 30, 2014

By Barbara Kollmeyer, MarketWatch NEW YORK MarketWatch) -- U.S. stock shook off early morning gloom and moved decidedly higher on Thursday, with the blue-chips leading the gains. The Dow Jones Industrial Average gained more 150 points, thanks to a a ...

U.S. Stocks Fall; Visa Boosts Dow

TODAY: Oct. 31, 2014 PUB DATE: Oct. 30, 2014

By Alexandra Scaggs And Saumya Vaishampayan U.S. stocks traded mostly lower Friday, but a strong earnings report from Visa Inc. spurred gains for the Dow industrials. The Dow Jones Industrial Average rose 93 points, or 0.6%, to 17068. The S&P; ...

Dollar Strengthens on GDP, Bets Ahead of Eurozone, Japan Data

TODAY: Oct. 31, 2014 PUB DATE: Oct. 30, 2014

By James Ramage The dollar rose against the yen and euro Thursday after data showed an expanding U.S. economy, which encouraged investors to wager on the U.S. currency ahead of inflation numbers due in Japan and the eurozone. The dollar ...

Oil Prices Fall on Stronger Dollar, Growing Crude Supplies

TODAY: Oct. 31, 2014 PUB DATE: Oct. 30, 2014

By Christian Berthelsen Oil prices fell Thursday as the dollar strengthened and growing crude supplies continued to contribute to bearish market sentiment. Light, sweet crude for December fell $1.08, or 1.3%, to settle at $81.12 a barrel on the New ...

Dollar Strengthens on U.S. GDP Data

TODAY: Oct. 31, 2014 PUB DATE: Oct. 30, 2014

By James Ramage The dollar rose against the yen and euro Thursday after data showed an expanding U.S. economy, which encouraged investors to wager on the U.S. currency ahead of inflation numbers due in Japan and the eurozone. The dollar ...

Modi's 'Make in India' to Manufacture Growth -- Barron's Asia

TODAY: Oct. 31, 2014 PUB DATE: Oct. 30, 2014

By Radhika Rao The government is keen to expand manufacturing and raise its contribution to GDP. Here we discuss three questions: What does this entail? How will government succeed? Why the need? What does manufacturing entail? The service sector's share ...

Brazil Central Bank Raises Selic Rate to 11.25% From 11%

TODAY: Oct. 31, 2014 PUB DATE: Oct. 30, 2014

By Paulo Trevisani BRASÍLIA--Citing a less favorable outlook for inflation, Brazil's central bank on Wednesday raised its benchmark interest rate, in a move that wasn't expected by markets. The central bank increased the Selic short-term lending rate to 11.25% from ...

China 3Q International Payments Largely in Balance

TODAY: Oct. 31, 2014 PUB DATE: Oct. 30, 2014

BEIJING--China's international payments were largely balanced in the third quarter with a surplus in the current account offsetting a deficit in the capital account, official data showed on Thursday. China's current-account surplus in the three months ended September rose to ...

Russian Ruble Continues Decline to Record Lows Against Dollar, Euro

TODAY: Oct. 31, 2014 PUB DATE: Oct. 30, 2014

MOSCOW--The Russian ruble continued dropping to fresh record lows against the dollar and the euro Thursday, raising expectations that the central bank would need to take extra measures to contain the depreciation. The ruble eased nearly 0.4% in the first ...